San Antonio, Texas, December 16, 2025
A new mixed-income apartment complex is set to be built in San Antonio’s East Side. The Annex Group, in collaboration with Opportunity Home San Antonio, will develop 279 units at 1231 E. Commerce St., near the Alamodome. This seven-story project aims to provide affordable housing options at various rental rates, addressing the urgent need for housing in the area. The development is expected to cost around $91 million, with construction beginning in February 2026 and completion anticipated by spring 2028.
San Antonio, Texas – A significant development in affordable housing is underway on San Antonio’s East Side. The Annex Group, an Indianapolis-based developer, in partnership with Opportunity Home San Antonio, plans to construct a seven-story, 279-unit mixed-income apartment complex at 1231 E. Commerce St., near the Alamodome. This project aims to address the pressing need for affordable housing in the area.
The development will offer a mix of one-, two-, and three-bedroom apartments, with rental rates set at 30%, 50%, and 70% of the area median income (AMI). This structure is designed to accommodate a diverse range of residents, from low-income families to those with moderate incomes. The project is estimated to cost approximately $91 million, with construction slated to begin in February 2026.
Located just a block from the Alamodome, the site is strategically positioned to benefit from the ongoing revitalization efforts in the area. The development is expected to contribute to the economic growth of the East Side by providing quality housing options and supporting local businesses.
This initiative is part of a broader effort to enhance affordable housing options in San Antonio. Recent projects include The Baltazar, a 60-unit mixed-income community on the Northwest Side, and Legacy Senior Residences, a 180-unit complex for older adults on the Southeast Side. These developments reflect the city’s commitment to addressing housing needs across various demographics.
The Annex Group’s partnership with Opportunity Home San Antonio underscores a collaborative approach to urban development, aiming to create sustainable and inclusive communities. The project is anticipated to be completed by the spring of 2028, providing much-needed housing options for San Antonio residents.
Key Features of the Project
| Feature | Details |
|---|---|
| Location | 1231 E. Commerce St., near the Alamodome, San Antonio, Texas |
| Number of Units | 279 mixed-income apartments |
| Apartment Sizes | One-, two-, and three-bedroom units |
| Rental Rates | 30%, 50%, and 70% of the area median income (AMI) |
| Estimated Cost | Approximately $91 million |
| Construction Start | February 2026 |
| Completion Date | Spring 2028 |
Frequently Asked Questions (FAQ)
What is the Annex Group’s new development in San Antonio?
The Annex Group, in partnership with Opportunity Home San Antonio, plans to build a seven-story, 279-unit mixed-income apartment complex at 1231 E. Commerce St., near the Alamodome.
What types of apartments will be available?
The development will offer one-, two-, and three-bedroom apartments, with rental rates set at 30%, 50%, and 70% of the area median income (AMI).
When is construction expected to begin?
Construction is slated to begin in February 2026, with completion anticipated by the spring of 2028.
How does this project fit into San Antonio’s affordable housing efforts?
This project is part of a broader initiative to enhance affordable housing in San Antonio, following developments like The Baltazar and Legacy Senior Residences.
What is the significance of the project’s location?
Located near the Alamodome, the site is positioned to benefit from ongoing revitalization efforts in the area, contributing to the economic growth of the East Side.
Deeper Dive: News & Info About This Topic
HERE Resources
Texas Reinforces Alamo’s Legacy with Historic Hotel Acquisition
Declining High-End Car Sales in China Impact European Automakers
San Antonio’s $1 Billion Downtown Development Moves Forward
San Antonio Faces Unexpected Net Population Decline
Lennar’s $6.6 Million Sky Ranch Project Leads San Antonio Construction
San Antonio Experiences Increase in Holiday Domestic Violence
San Antonio Faces Significant Population Decline
Texas Metropolitan Areas See Significant Home Value Declines
San Antonio’s Master-Planned Communities Propel New Home Sales
Shifting Trends: Metro Areas Facing Population Departures
Author: STAFF HERE SAN ANTONIO WRITER
The SAN ANTONIO STAFF WRITER represents the experienced team at HERESanAntonio.com, your go-to source for actionable local news and information in San Antonio, Bexar County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Fiesta San Antonio, San Antonio Stock Show & Rodeo, and Dia de los Muertos. Our coverage extends to key organizations like the Greater San Antonio Chamber of Commerce and United Way of San Antonio and Bexar County, plus leading businesses in retail, insurance, and energy that power the local economy such as H-E-B, USAA, and Valero Energy. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HEREHouston.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
